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China Nonferrous Mining Corp. Ltd. ( (HK:1258) ) has issued an update.
China Nonferrous Mining Corporation Limited has announced a connected transaction involving its subsidiary CNMHK and GCM, where CNMHK will purchase 7,000 metric tons of high-grade copper cathodes from GCM for approximately US$67,025,000. This transaction, under the GCM Copper Cathodes Purchase Agreement 2025, is subject to certain reporting and announcement requirements under Hong Kong’s Listing Rules but does not require independent shareholders’ approval. The agreement reflects the company’s strategic move to secure high-grade copper cathodes, potentially impacting its market positioning and operational capabilities.
More about China Nonferrous Mining Corp. Ltd.
China Nonferrous Mining Corporation Limited is a company incorporated in Hong Kong, primarily engaged in the mining industry. The company focuses on the production and sale of nonferrous metals, with a significant emphasis on copper products.
YTD Price Performance: 32.06%
Average Trading Volume: 14,707,991
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$27B
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